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This Week in Portland Early Edition: December 23 - December 31 2011

Welcome to another Portland blog and Happy Holidays!  We hope everyone has a safe and lovely holiday full of family, friends and laughter. If you're still shopping, remember, shop local!  Support the local businesses and the Portlanders who work there. We have so many awesome local PDX businesses to choose from, too. A recent discovery for me is The Backyard Bird Shop. What an incredible place. They are 100% local and just celebrated their 20th year. They have a mindboggling array of all-things-bird and the employees I talked to were extremely knowledgeable and very helpful. I loved that they made it a priority to offer locally crafted feeders and locally made suet. The Backyard Bird Shop has joined my list of favorite local Portland stores.

If you are feeling like the days are getting a little bit longer, well, they are. The Winter Solstice- just yesterday, December 22- is the date that marks the beginning of shortened nights and longer days. It will be spring before we know it and knowing Portland, it will feel like spring long before she officially arrives. I have already seen shoots of life on my neighborhood walks. Winter has been so fair that even my foxgloves are still in bloom.

Foxglove

Foxglove in December 

A big thank you to the Weather Gods that made this the driest and sunniest December on record.

In other news: We are so excited for the return of Portlandia!  Being made --relentlessly-- fun of never felt so darned good. I can't wait to see what the season has in store for us. Here's a cheers to Portlandia Season 2 starting on January 6, 2012!

 

Just up! Our Portland New Years Eve Guide! Check back frequently or RSS for updates!

 

The Portland Photo of the Week

The Portland Photo of the Week is by local artist and photographer, Fasai.  This shot captures a clear Portland sky during sunset. Rare and beautiful!

Beautiful sky Downtown Portland

 

Our Portland Photo of the Week winner receives a gift certificate to a local Portland business of our choosing. Our giveaway for the month of December is a $20 gift certificate to Coava Coffee Roasters. If you've not been to their incredible roastery and tasting room, stop reading now and go. There is a reason why the New Yorker and The New York Times keep a regular pulse on the happenings at Coava...they are amazing and truly unparalled. Read all about the Portland coffee scene and learn more about coffee, what makes a great cafe and who the cafe rockstars are in our fair PDX.

 

coava coffee roasters

 

Portland Christmas Lights-  A Tour

Portland Christmas Lights Guide Portland's well known Grotto, Zoo Lights, Portland Christmas Ships, Peacock Lane, and Portland International Raceway Christmas lights are hot spots this time of year. Go and experience them!  Tis the season!

Click here for the Portland Christmas Lights Guide to see videos, photos and more

 

 

Featured Portland Events

Here are the featured Portland events this week focusing on events happening this weekend or those just around the corner! Thanks to everyone for adding all the great Portland events to the community events calendar. You can add your own Portland events directly to the events calendar for free (pleased read our terms of service first). Just click "Add an Event" and fill in the details.

 


ZooZoo

December 8, 2011 at 7pm to January 1, 2012 at 2pm –Imago Theatre ZOOZOO In Portland for the holiday season with the World Premiere of "Cats!" Imago brings to life the antics of our everyday household cat in a not so everyday way. Don't miss the premiere of "Cats!"Organized by Imago Theatre | Type: theatre

 

Chris Burden: Ghost Ships

November 2, 2011 at 10am to January 22, 2012 at 5pm – Portland Art Museum Ghost Ships is a trio of actual sailboats that have been reconfigured and programmed by the artist to periodically unfurl sails, pivot rudders, and simulate navigation. The sailboats will seem to sai

 

 

 

Zoo Lights at Oregon Zoo

November 25, 2011 to January 1, 2012  "Oregon Zoo" Annual holiday lights display at the Oregon Zoo!   Celebrate the holiday season amid the sparkling lights and brilliant hues of ZooLights.* More than a million lights transform the Oregon Zoo into aOrganized by Zoo Lights | Type: zoo lights

 

 

 

Tannenbaum Madness

November 25, 2011 at 4pm to January 1, 2012 at 4pm – Alberta Main Street Alberta Main Street presents Tannenbaum Madness Tannenbaum Madness is a walking window tour of whimsical, wacky and artistic trees. Over 30 Alberta Street businesses are creating sights not to be misOrganized by Alberta Main Street | Type: holiday, fun

 

 


Scavenger Hunt Search Party at the Central Library

November 5, 2011 at 11am to March 3, 2012 at 1pm –Portland Downtown Central Library Turn your Rosetta-stone brain on high and unravel the mysteries hidden in the stacks, on the walls, and places you never imagined existed in a public library. Upon arrival, a highly-trained Run BraiOrganized by Gary Corbin | Type: scavenger, hunt

 

 

 

"Sherlock Holmes and the Caseo of the Christmas Carol"

November 15, 2011 at 7:30pm to December 24, 2011at 7:30pm – Artists Repertory Theatre - Alder Stage Will Sherlock Holmes crack his own case? Literature’s favorite quirky inquisitor is infused with the spirit of a crotchety Ebenezer Scrooge in an unusual holiday show crafted by Seattle veteran playOrganized by Artists Repertory Theatre | Type:performance

 

 

North End Holiday Market

November 18, 2011 at 10am to December 24, 2011 at 7pm – St. John's district, Old Salvation Army Building, across the street from Pattie's Home Plate A craft market with unique, handmade art and crafts such as quilts, jewelry, wood carvings, stuffed animals, high-quality prints of original paintings,  and more! Store Hours: Mon - Sat 10 am - 7 pm;Organized by Laura Woodruff | Type: art/craft, market,for, the, holidays, and, other, occasions

 

 

 

Portland Japanese Garden Holiday Gift Show & Sale

December 10, 2011 to December 24, 2011  Portland Japanese Garden Visit the Portland Japanese Garden during the month of December and find beautifully handcrafted nature-inspired gifts for the home, garden, and everyday living. Choose from a wide selection of one-Organized by Portland Japanese Garden | Type: art,show, and, sale

 

 

Looking for something else? We have a ton of other local Portland events on the calendar. Please feel free to add your own as well.

 

Mother's Bistro

Mother's Bistro by Michael Barton

 

 

December 2011 Portland Oregon Real Estate Condo Market Report

by Ross Seligman

Here is a chart of all condos for sale, pending for sale, and sold in Portland, Oregon for the last 15 months:

In November 2011, inventory has dropped with 623 condos on the market.   In November 2011, 78 condos sold and 108 are pending for sale.  

Yearly change from November 10 to November 11:

Inventory is Down 38.1%

Closed Sales are Down 8.2%.

Pending sales are Up 20%. 

 

Chart for average price per square footage:


In the past 15 months, the average price per square foot for condos in Portland, Oregon has been between $213 and $270. In November 2011, the average price per square foot in Portland was $251.

Yearly change from November 10 to November 11:

Average Price/Square Foot has increased 3.6%

Days on market and sold/list price %:


This chart is showing us two things. First, how many days on the market that a condo is spending, on average, before being sold. In all of Multnomah County, in all price ranges, a condo is taking, on average, 106 days to sell.

The other thing that this chart shows is what percentage of listing price the condo, on average, is selling at. This is a great indicator of pressure on prices. In November 2011, sellers were getting, on average, 94% of their original asking price.

Yearly change from November 10 to November 11:

Average time it takes to sell a condo has decreased 22.1%.

The percentage of original listing price that was paid has increased 8%.

Average price for sale vs. average price of sold:


The largest segment of condo sales have been in the price range under $400,000. You can see this reflected in the average price of a condo that has sold. In November 2011, this figure was $285,000.


Yearly change from November 10 to November 11:

The average price of a condo listed has increased 1.8%.

The average price of a condo sold has decreased 3.1%.

Months of inventory:
Months of inventory gives a timeline of how long it would take for all of the current listings to sell. Anything above 4 months is considered a buyers market. In November 2011, this figure was 8 months based on closed sales. Portland is currently, on average, a buyer's market.

This does NOT mean that it will take, on average, 8 months for your condo to sell. That number was, on average in all price ranges, 106 days.   It means that, if not a single listing were to come on the market in Portland from this moment, it would take 8 months for all available condos to sell before there would be none left.

Yearly change from November 10 to November 11:

The months of inventory figure has decreased 32.6%.

 
About the report:

They are a comparison of the past 15 months (including a percentage change analysis for the last 12 months) for all of Portland and are taken directly from the RMLS. What follows is my own analysis of these statistics. For our purposes, I thought it best to analyze Portland as a whole. Each neighborhood, however, is a little micro-universe and has its own market. Changing the parameters of the zip codes, price variables, or time periods can lead to very different results. This analysis is of all condos sold in all price ranges in Portland, Oregon. If you have any questions about specific zip codes, or any questions about the market in general, please reply to this forum with those questions or feel free to contact me at: http://www.propertiesofportland.com.

Since Portland is a neighborhood city, you can now search by "Irvington, Alberta, etc.". You can check it out by clicking here.

 

To see and/or bookmark a monthly automatic updating chart, click here.


This information doesn't matter if you have a particular neighborhood in mind since Portland neighborhoods are their own micro-markets. If you have one in mind to buy or are selling your condo, please request a report for that neighborhood and I am happy to post it on this blog or send it to you.  The complete Portland report is useful for an overall snapshot of the Portland market.  

Hey everyone, I want to know what you think of these reports. Too many stats? Just right? Something missing? Let me know so I can make these more useful for you. What are your thoughts about real estate right now? What do you think of the information in this report? Post to this blog so we can discuss.



Visit our website where you can contact us and search all Portland Metro Area homes for sale from the RMLS in Portland, OR, including school and neighborhood reports: http://www.propertiesofportland.com

 


A stroll through Laurelhurst Park

 

Homes for sale in Portland

 

 

9834 N MACRUM AVE Portland, OR 97203 - St. Johns - $139,999

See the full listing here

 

3724 NE 78TH AVE Portland, OR 97213 - Roseway - $274,950

See the full listing here


 

2610 SW FAIRMOUNT BLVD Portland, OR 97239 - SW Hills - Council Crest - $525,000

See the full listing here


 

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